MeridianLink's Point Predictive Integrates with MeridianLink Consumer

Point Predictive, a financial technology company, has integrated its risk scoring, alerts, and reporting capabilities with MeridianLink Consumer. This integration allows lenders to identify potential fraud in real-time and streamline the lending process while protecting themselves from fraud. The integration is in addition to a previous integration with MeridianLink DecisionLender.

Point Predictive, a leading provider of fraud prevention solutions for the lending industry, has announced a new integration with MeridianLink Consumer. This integration allows financial institutions to leverage Point Predictive's comprehensive risk scoring, alerts, and reporting capabilities without leaving their existing MeridianLink Consumer workflow. By embedding AutoPass™ technology directly into the loan origination process, lenders can identify potential fraud in real time while simultaneously reducing document requirements for low-risk applicants. This integration empowers financial institutions to better protect themselves from fraud while helping to streamline the lending process for members and customers.

The integration features over 150 comprehensive alerts to identify various fraud types, including identity fraud, income fraud, employment fraud, straw borrowers, collateral fraud, and dealer fraud. Early adopters report significant benefits, including reduced fraud losses, faster application processing times, and increased loan conversion rates. One credit union using the integrated solution has seen a 45% reduction in stipulation requests and a 38% increase in conversions by automating their fraud checks with Point Predictive’s scores and alerts.

Point Predictive's proprietary data repository contains over 87 billion risk insights, encompassing billions of risk attributes across hundreds of millions of historical loan applications from hundreds of lenders and banks. This extensive dataset enables the technology to provide accurate and timely fraud detection, enhancing the overall security and efficiency of the lending process.

The integration is available to all MeridianLink Consumer, DecisionLender®, and LoansPQ platform customers. This expansion builds upon Point Predictive's previous integration with MeridianLink DecisionLender, further strengthening its partnership with MeridianLink.

This integration highlights the increasing importance of data-driven strategies in the financial industry. By leveraging advanced technology and comprehensive data insights, lenders can make more informed decisions, mitigate risks, and enhance their overall operational efficiency. The integration of Point Predictive's fraud detection capabilities with MeridianLink Consumer is a testament to the growing demand for innovative solutions that can help financial institutions navigate the evolving landscape of consumer lending.

References:
[1] https://www.equifax.com/business/blog/-/insight/article/unlock-growth-and-mitigate-risk-optimizing-consumer-loan-decisions-with-data/
[2] https://www.morningstar.com/news/globe-newswire/9495030/point-predictive-brings-industry-leading-fraud-detection-and-automation-to-meridianlink-platform